Here Are The 29 Public Companies With More Cash Than The US Treasury

As was pointed out yesterday, courtesy of a blistering $80 billion cash burn in the first half of July, Tim Geithner managed to reduce Treasury cash balances from $130 billion to $39 billion. Granted this number will increase next week after this week's $66 billion in Treasury auctions settle, only to drop once again when another batch of Bills mature and are not rolled. So in response to various inquiries we present the 29 public companies that hold more cash than the US Treasury does as of July 13 (Geithner is tied with Google at $39 billion). Not very surprising, two of the top 3 are Chinese companies. The third? Bank of America... Surely there is a good reason why BAC is preparing for rainy days.

And in related news, here are the 69 companies whose CDS trade inside of the US, or said otherwise, are perceived as less risky than the US government, whose default risk yesterday hit a one-and-a-half year high.

ALL is always perfectly WELL; till suddenly it ain't...what you've said is witty, and mainly because it's terribly prophetic. If this Machine is not suddenly halted (and it's got at least a year...year and a half -- maybe two at the outside), we'll be pouring into persia and pakistan before you can say falafal (sp?)...and then the real fun starts. Cue the Cossaks and Send In The Clowns.

that would be empire running by the common and middling; however, the gentry be reading rhubarbs in poland; as germany starts to bump uglies with russia for their cheap labor and natural resources; these states united must wedge with poland........

it seems we're looking at the world through the same lens...i agree with everything you said, and a lot more besides. I will tell you this much, if GDR/RUS and (really anybody) China form a coalition with a common currency, you can bet janus will load up early -- despite my insistence on PMs.

These Germans give me nights sweats and the russians give me palpatations; and then i think, why even pretend it's not all going down that way? that's the inevitable conclusion if there's going to be a polar power shift in the traditional iterations of geopolitical evolution (and the shift is already shifting) -- my hopes are for a semi-stateless society...but just look at what happens with 'hope'.

Exactly, its just a legal way for these crooks to funnel cash from the taxpayer to these filthy rich bastards. Look at all these financial institutions...Yeah, looks like the tables have turned...Freddie can bailout the treasury now.

Exactly, its just a legal way for these crooks to funnel cash from the taxpayer to these filthy rich bastards. Look at all these financial institutions...Yeah, looks like the tables have turned...Freddie can bailout the treasury now.

Exactly, its just a legal way for these crooks to funnel cash from the taxpayer to these filthy rich bastards. Look at all these financial institutions...Yeah, looks like the tables have turned...Freddie can bailout the treasury now.

I'm flummoxed. Now, don't get me wrong, i'm a regular wiz with the ciphers, and I've even had a bit of training in the crypto field, but i cannot make hide nor hair of this enigma, "THB or a former minion? 816XX?" Some of the words look familiar, but the bookends -- THB and 816XX -- are the tar-babies.

i kind of knew what you were driving at...no, never had an official residence in colorado -- love vail and snow mass though, and I have passed through co springs a few times. Just couldn't put together who THB may be.

Most of those banks are insolvent, except for the Japanese ones that have stacks and stacks of depositers' yen in the vault. The Indian company is probably the only one that could actually aid the Treasury.

You are kidding right? GE was one of the first to see 2008 coming and use it's lobbying influence and political clout to score war contract (from all side) and receive a bailout (via tax loopholes and numerous other mechanisms). Being first ahead of the herd is always a good thing after all.

See the comments below. Basically GE simply needed to restructure. Something they thought was too painful and so they took the immoral route hoping the victim forgets the first rapist. Pretty good plan, no one mentions their "the sky is falling and you must save us" claim, which was bullshit. As an engineer and scientist I see things a bit differently, the bottom line remains. People who create REAL value, should be compensated appropriately. The financial fucknuts the world over have forgotten their place in a sound economy and they have certainly forgotten the cost of creating capital in a finite universe. Even if they collect more gold than me, they will still need to eat, and I am in agriculture in a strong like-minded community. Default is fine with me, bring it.

Not crazy, just pissed. We deal with many Pharmacia products (now GE Healthcare). Their customer service and product line was 100x better before GE took them over (a hostile takeover with taxpayer monies by the way). Government and financial kleptocracy are now one in the same. The financial sector owns the government, period. Again, default, bring it.

Trans-extinct currency exemptions for national security purposes allow for select companies like GE to mark their assets to any historical market value by choosing any value from a very strict historical boundary between 1811-2210 AD.

Future projections for asset values can be considered accurate as long as they are verified by accredited soothsayers.

Liabilities denominated in FRN's when converted according to GAFAP (generally accepted fiat accounting principles) have a 30 year future heuristic modification that allows them to be considered an asset, as one day, in the future, will be responsible for growth of said company.

GAFAP Cash flow is has a exponential component that allows for proper translation. Potential cash raised, as long as it is to be invested in PM's (see form G.878.3a) is considered at realistic post fiat collapse values and denominated in either Ameros, Blue Dollars, or Alien Dinars.

The Fed "lent" easy-print to foreign banks - in order to secure US banks against their rotten CDS insurance of said foreign banks, which said US banks' insurance eventual payouts will reveal US private finance AND Fed/national insolvency.

of the 29 listed, 11 are or own Treasury primary dealers. The aggregate cash positions of just these 11 is roughly $1.95 trillion, so maybe it’ll be time for them to start paying for their privileged positions by picking up the slack in any upcoming Treasury auctions. All yur base are belong to U.S.